Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2016
(Based on Japanese GAAP)
July 29, 2016
Company name:
CREO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9698
URL http://www.creo.co.jp
President and Representative Director

Yuji Anan

Inquiries:
Executive Officer, Financial Director
Scheduled date to file Quarterly Securities Report:

Takashi Ameda
August 12, 2016

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-6866-0331(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2016 (from April 1, 2016 to June 30, 2016)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2016
Three months ended June 30, 2015

Millions of yen2,420
2,158

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%
12.2
(119)
–(101)–(114)–(9.2)
(38)
–(25)
–
164
–

Earnings per share

Diluted earnings per share

Yen(13.28)19.00

Three months ended June 30, 2016
Three months ended June 30, 2015

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2016
As of March 31, 2016

Net assets

Millions of yen
6,859
7,091

Equity ratio

Millions of yen
4,9175,165%
71.0
72.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2016
Year ending March 31, 2017

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
15.00

Yen
15.00

0.00

–

12.00

12.00

Year ending March 31, 2017 (Forecast)

3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ending
5,000
5.5
20 (77.1)
30 (71.0)
10 (96.0)
September 30, 2016
Full year
11,500
11.6
370
6.9
380
3.1
260 (37.1)

1Total

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2016(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

Yes
No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2016

9,237,319 shares As of March 31, 2016

9,237,319 shares

586,520 shares As of March 31, 2016

586,055 shares

Number of treasury shares at the end of the period
As of June 30, 2016

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2016

8,651,244 shares Three months ended June 30, 2015

2

8,655,657 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2016

As of June 30, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

3,599
2,176

3,797
1,449

Merchandise and finished goods
Work in process

19167

17283

Other193

181

6,155

5,730

186

181

Goodwill
Other26
408

151
437

Total intangible assets

435

589

Investments and other assets

313

358

Total non-current assets

935

1,129

7,091

6,859

Accounts payable - trade
Income taxes payable

462
80

363
12

Provision for bonuses
Other

429
812

230
1,126

Total current liabilities

1,784

1,732

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Total assets
Liabilities
Current liabilities

Non-current liabilities
Directors' retirement benefits payable26

26

Net defined benefit liability
Asset retirement obligations

3250

10353

Other

31

27

Total non-current liabilities

141

210

1,925

1,942

Shareholders' equity
Capital stock

3,149

3,149

Capital surplus
Retained earnings

743
1,384

743
1,139

Total liabilities
Net assets

Treasury shares

(180)

(180)

Total shareholders' equity

5,096

4,851

Valuation difference on available-for-sale securities

2118

Total accumulated other comprehensive income

21

18

47

46

5,165

4,917

7,091

6,859

Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

3Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2015

June 30, 2016

Net sales
Cost of sales

2,158
1,780

2,420
2,038

Gross profit

377

382

Selling, general and administrative expenses

416

501

Operating loss(38)(119)

Interest income
Dividend income

0101

Subsidy income
Other110512

Total non-operating income

121900

Other01

Total non-operating expenses

01

Ordinary loss

(25)

(101)

Extraordinary income
Gain on sales of shares of subsidiaries

204–0–

204–

Other

00

Total extraordinary losses

00

Profit (loss) before income taxes

178

(101)

4

7

Non-operating income

Non-operating expenses
Interest expenses

Other
Total extraordinary income
Extraordinary losses

Income taxes - current
Income taxes - deferred

84

Total income taxes

1211

Profit (loss)

165

(113)

Profit attributable to non-controlling interests

11

Profit (loss) attributable to owners of parent

164

(114)

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Three months ended

Three months ended

June 30, 2015

June 30, 2016
165

(113)

Valuation difference on available-for-sale securities

(0)

(3)

Total other comprehensive income

(0)

(3)

Comprehensive income

165

(117)

Comprehensive income attributable toComprehensive income attributable to owners of parent

164

(118)

1

1

Comprehensive income attributable to non-controllinginterests

5